Question about IRA account, and K-1 not related to MLP

Hi, I am interested in purchasing "UGA" which is a gasoline futures ETF in my IRA. It does file a K-1 as opposed to a 1099.

Any tax implications I need to worry about? My understanding is the main (or only?) concern is if I receive $1,000+ in UBTI. I know that "UGA" either does not have any UBTI, or my position in it will be so small that any UBTI will be well south of $1,000.

Thanks

Reply to
martin lynch
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The only issue I am aware of for a fund that is organized as a partnership (E.g., UGA), is that the fund can have profits that get passed through to you and there is no corresponding distribution of cash to help you pay the taxes.

Reply to
Alan

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